Modine Manufacturing (MOD) Tops Q1 EPS by 3c

Modine Manufacturing (NYSE: MOD) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $347.8 million versus the consensus estimate of $348.56 million.

Outlook:

Lucareli concluded, "We maintain a strong financial position, a disciplined approach to cost management, and our global teams remain in frequent communication with our customers who are all beginning to recover at various speeds. Although we are growing more confident in our short-term customer order book, the medium- and long-term outlooks remain highly unpredictable. We currently expect that our first quarter sales will serve as the trough of our quarterly performance this year, and expect to see incremental revenue and earnings improvements each quarter throughout fiscal 2021."

For earnings history and earnings-related data on Modine Manufacturing (MOD) click here.

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